Is Pine Grove Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pine Grove Township has remained a Seller's Market.
Housing Prices in Pine Grove Township, MI
How much do homes in Pine Grove Township, MI cost?
Median Sold Price
$245,450
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pine Grove Township was $245,450 in May 2024, down 1.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155K | N/A |
2 Bedrooms | $225K | $129.9K | -42.3% |
3 Bedrooms | $193K | $190K | -1.6% |
4 Bedrooms | $275K | $279.9K | +1.8% |
5+ Bedrooms | $545K | $339K | -37.8% |
Summary: Pine Grove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 37.8%.
Median Sold Price Compared To Nearby Cities
Trowbridge Township | $232.5K | $304.5K | +31.0% |
Gobles | $230K | $251.8K | +9.5% |
Otsego Township | $225K | $240K | +6.7% |
Pine Grove Township | $250K | $245.4K | -1.8% |
Housing Supply in Pine Grove Township, MI
How many homes are available in Pine Grove Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Summary: The Pine Grove Township real estate market had 8 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Grove Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Pine Grove Township in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Pine Grove Township, MI
How long does it take to sell a home in Pine Grove Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 53 Days | +57.4% |
Summary: Homes in Pine Grove Township had an average of 53 days on market in May 2024, up by 57.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Pine Grove Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.